Home Latest Meta (FB), Apple (AAPL), Amazon (AMZN), and Google (GOOGL) Targets Drop –...

Meta (FB), Apple (AAPL), Amazon (AMZN), and Google (GOOGL) Targets Drop – Bloomberg

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The brutal rout in tech stocks this year is shaking analysts’ confidence in once high-flying megcaps.
Brokerage firms expect shares of the so-called FAANG companies in aggregate to trade for less in the next 12 months than they had projected at the start of the year. The share-price targets for Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. have fallen by more than 17% on average in 2022, putting that measure on track to decline over the year for the first time on record.

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Nitika is a MCA graduate and works as all-round news writer at The Hoops News. In free time, she works on Photoshop and plays GTA V on her Xbox. A tech-enthusiast at heart, she explores ways that businesses can leverage the Internet and move their businesses to the next level. You can contact her at nitika@thehoopsnews.com.